Intech Investment Management LLC Lowers Stake in Bloomin’ Brands, Inc. $BLMN

Intech Investment Management LLC cut its stake in Bloomin’ Brands, Inc. (NASDAQ:BLMN) by 22.2% during the fourth quarter, HoldingsChannel reports. The firm owned 284,707 shares of the restaurant operator’s stock after selling 81,138 shares during the period. Intech Investment Management LLC’s holdings in Bloomin’ Brands were worth $1,757,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Royal Bank of Canada lifted its holdings in Bloomin’ Brands by 50.4% during the 1st quarter. Royal Bank of Canada now owns 333,693 shares of the restaurant operator’s stock valued at $2,393,000 after buying an additional 111,801 shares in the last quarter. AQR Capital Management LLC grew its stake in Bloomin’ Brands by 156.1% in the 1st quarter. AQR Capital Management LLC now owns 591,373 shares of the restaurant operator’s stock worth $4,240,000 after acquiring an additional 360,450 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Bloomin’ Brands by 6.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,395 shares of the restaurant operator’s stock worth $333,000 after acquiring an additional 2,622 shares during the period. Millennium Management LLC increased its position in shares of Bloomin’ Brands by 123.1% during the first quarter. Millennium Management LLC now owns 2,299,778 shares of the restaurant operator’s stock worth $16,489,000 after acquiring an additional 1,268,988 shares during the period. Finally, Goldman Sachs Group Inc. raised its stake in shares of Bloomin’ Brands by 4.3% during the first quarter. Goldman Sachs Group Inc. now owns 1,048,497 shares of the restaurant operator’s stock valued at $7,518,000 after acquiring an additional 43,329 shares in the last quarter.

Insider Activity

In related news, Director Rohit Lal purchased 10,000 shares of the business’s stock in a transaction dated Wednesday, March 11th. The shares were acquired at an average cost of $5.69 per share, for a total transaction of $56,900.00. Following the acquisition, the director owned 30,156 shares of the company’s stock, valued at $171,587.64. The trade was a 49.61% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.18% of the company’s stock.

Wall Street Analysts Forecast Growth

BLMN has been the subject of a number of research reports. Citigroup boosted their price target on Bloomin’ Brands from $6.75 to $9.50 and gave the company a “neutral” rating in a report on Thursday, May 7th. UBS Group raised their price objective on Bloomin’ Brands from $6.00 to $9.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Weiss Ratings cut Bloomin’ Brands from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, May 29th. The Goldman Sachs Group increased their price target on Bloomin’ Brands from $6.00 to $8.50 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Finally, JPMorgan Chase & Co. lowered Bloomin’ Brands from a “neutral” rating to an “underweight” rating and set a $6.00 price target on the stock. in a research note on Friday, April 24th. Seven research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Bloomin’ Brands has an average rating of “Reduce” and an average target price of $8.78.

Bloomin’ Brands Price Performance

Shares of BLMN opened at $7.14 on Friday. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.19 and a current ratio of 0.26. The company has a 50 day moving average price of $6.85 and a 200-day moving average price of $6.67. Bloomin’ Brands, Inc. has a fifty-two week low of $5.19 and a fifty-two week high of $10.70. The stock has a market capitalization of $611.26 million, a PE ratio of 28.56, a PEG ratio of 2.00 and a beta of 1.22.

Bloomin’ Brands (NASDAQ:BLMN) last issued its quarterly earnings data on Wednesday, May 6th. The restaurant operator reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.10. The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.04 billion. Bloomin’ Brands had a net margin of 0.55% and a return on equity of 28.00%. Bloomin’ Brands’s revenue was up 1.0% compared to the same quarter last year. During the same period last year, the company posted $0.59 earnings per share. Bloomin’ Brands has set its FY 2026 guidance at 0.750-0.900 EPS and its Q2 2026 guidance at 0.270-0.320 EPS. Equities analysts predict that Bloomin’ Brands, Inc. will post 0.88 earnings per share for the current fiscal year.

About Bloomin’ Brands

Bloomin’ Brands, Inc engages in the ownership, operation and franchising of casual dining restaurants worldwide. The company’s portfolio includes five full-service restaurant chains: Outback Steakhouse, known for its Australian-inspired steakhouse concept; Carrabba’s Italian Grill, offering Italian-American cuisine; Bonefish Grill, specializing in handcrafted seafood dishes; Fleming’s Prime Steakhouse & Wine Bar, focusing on premium steak and wine experiences; and Aussie Grill by Outback, featuring a streamlined menu of signature items.